Fiscal Note

SB 254 — Fiscal Note/Fee Impact

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Mentions of “Transportation” — 3 found

… The current tax rate on special motor fuel (diesel) is 22 cents per gallon. 4. According to Delaware Department of Transportation, current estimated monthly motor fuel revenue is $11,000,000. 5. Motor fuel tax is pledged revenue in Delaware Trans …

… ation, current estimated monthly motor fuel revenue is $11,000,000. 5. Motor fuel tax is pledged revenue in Delaware Transportation Authority (DTA) Revenue Bonds, and until all outstanding bonds issued under the Trust Agreement are defeased, the Sta …

… ending the motor fuel tax in any manner. The amount needed to settle outstanding DTA bonds is $1,001,000,000. Cost: Transportation Trust Fund Revenue Loss Fiscal Year 2022: $11,000,000. Fiscal Year 2023: Not applicable Fiscal Year 2024: Not applic …

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